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Eli Lilly and Company will pay $47.5 million for the rights to Centrexion Therapeutics’ nonopioid chronic pain treatment, CNTX-0290. The small molecule, currently in Phase I trials, modulates the somatostatin receptor type 4, part of a protein family that dampens the activity of several types of pain receptors. Centrexion could get another $575 million in development and regulatory milestones and can buy into commercializing the drug in the US alongside Lilly.
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